Gulfport Energy (GPOR) Stock Rating Upgraded by BidaskClub

Gulfport Energy (NASDAQ:GPOR) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Several other brokerages have also recently commented on GPOR. JPMorgan Chase & Co. set a $13.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, May 31st. Wolfe Research cut shares of Gulfport Energy from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 16th. Williams Capital restated a “buy” rating and set a $16.00 target price on shares of Gulfport Energy in a research report on Wednesday, May 23rd. Stifel Nicolaus started coverage on shares of Gulfport Energy in a research report on Wednesday, May 23rd. They set a “buy” rating and a $13.40 target price on the stock. Finally, Piper Jaffray Companies set a $16.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.40.

Shares of GPOR stock opened at $12.53 on Tuesday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.41 and a beta of 0.37. Gulfport Energy has a 52 week low of $8.11 and a 52 week high of $15.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.61 and a current ratio of 0.61.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million for the quarter, compared to analysts’ expectations of $354.46 million. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. equities analysts expect that Gulfport Energy will post 1.51 earnings per share for the current fiscal year.

In other news, Director Paul D. Westerman purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were bought at an average cost of $10.33 per share, for a total transaction of $103,300.00. Following the acquisition, the director now owns 35,488 shares of the company’s stock, valued at approximately $366,591.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in Gulfport Energy by 105.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,139,641 shares of the oil and gas producer’s stock valued at $14,542,000 after purchasing an additional 586,241 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Gulfport Energy by 91,466.7% during the 1st quarter. Meeder Asset Management Inc. now owns 65,928 shares of the oil and gas producer’s stock valued at $636,000 after purchasing an additional 65,856 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Gulfport Energy by 310.7% during the 4th quarter. Teacher Retirement System of Texas now owns 55,800 shares of the oil and gas producer’s stock valued at $712,000 after purchasing an additional 42,214 shares during the last quarter. HBK Investments L P grew its holdings in Gulfport Energy by 199.6% during the 4th quarter. HBK Investments L P now owns 488,500 shares of the oil and gas producer’s stock valued at $6,233,000 after purchasing an additional 325,442 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Gulfport Energy by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,013,795 shares of the oil and gas producer’s stock valued at $25,697,000 after purchasing an additional 147,387 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

Analyst Recommendations for Gulfport Energy (NASDAQ:GPOR)

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